CIT Bank vs Wells Fargo: Which Is Better?

CIT Bank offers accounts for savings and multiple CDs, including a no-penalty CD.

There are no monthly service fees, but both the savings and money market requires a $100 minimum deposit while term CDs require a $1,000 minimum.

Whereas, Wells Fargo is another well known bank with more than 5,400 locations offering 13,000 ATMs nationwide.

They offer a variety of checking account like Teen Checking or Opportunity Checking for those who have financial troubles.

Continue reading below to see a side-by-side comparison between CIT Bank and Wells Fargo, so you can see which one offers the services you need the most.


	CIT Bank	Wells Fargo
Locations	Online-only bank	5,400 retail banking branches coast to coast. (Locator)
ATMs		More than 13,000 ATMs across the country.
Savings	4.5/5	2.5/5
CD		2/5
Checking	4.5/5	4/5
Money Market	5/5
Customer Service	4/5	4/5
Mobile App	4.5/5	4.5/5
Pros	-High yield -No monthly service fees -Low opening deposits	-Nationwide availability – Large ATM network – Mobile app features – 24/7 account monitoring
Cons	-No physical locations -No check writing	– Make minimal interest – Pay a fee for overdraft protection
Bottom Line	CIT Bank is a good online bank that offers a good eChecking account and savings options.	Wells Fargo offer nationwide access to ATMs and branch locations, offering unique features that your bank might not provide.

Table of Contents

CIT Bank Promotions

CIT Bank Savings BuilderCIT Bank Money MarketCIT Bank CDCIT Bank No-Penalty CD

Learn more about CIT Bank Savings Builder from CIT Bank. Our full list of CIT Bank bonuses here.

Learn more about CIT Bank Money Market from CIT Bank. Our full list of CIT Bank bonuses here.

Learn more about CIT Bank CD from CIT Bank. Our full list of CIT Bank bonuses here.

Learn more about CIT Bank No-Penalty CD from CIT Bank. Our full list of CIT Bank bonuses here.

Compare to Other Banks

CIT Bank:

Wells Fargo:

Bottom Line

Which Bank is Better: CIT Bank or Wells Fargo?

In summary:

CIT Bank’s money market account is outstanding. They offer high rates without the balance requirements, so this is a good choice if you aren’t able to commit saving a certain amount each month.
Wells Fargo offers nationwide access to their accounts, if you’re looking for basic banking features their accounts are to go to.

For other banking options, see our list of the best bank account bonuses & savings account offers.

More on Wells Fargo: